Morocco - Harness the investment potential of Morocco’s Vision for the future
The opportunity to buy property in Morocco is a chance to get involved early in what many are predicting will be exciting and profitable times ahead for the Moroccan property market.
The Moroccoan government’s signing of agreements with a combined value of nearly $19 billion to work hand in hand with the United Arab Emirates to make Vision 2010 the impetus behind the growth of Morocco’s property market. It is Morocco’s hope that new development projects in the new urban tourist zones and future seaside resorts like Dubai will capture incredible levels interest from the public. Morocco understands whilst property development is a great opportunity to meet the shortfall of tourist beds as rental properties remain in very short supply,product quality must remain a priority objective and must reflect Morocco’s identity, values and culture.
Investing huge sums into high-profile tourism and real estate projects over the next decade, the prospects for property buyers in Morocco are good. Moroccan property is currently seeing annual price rises in the region of 15 per cent, add to that rental income, and it’s easy to see what a good investment Moroccan property is. Development prices are expected to double over the next three to four years.
The demographic profile of the Moroccan property buyer is attractive, often sophisticated and usually well-travelled, seeking a second home but also with an eye on longer-term investment. The rise of Moroccan tourism is not just an international affair with the government anticipating an upward trend in internal tourism as the Moroccan middle classes become wealthier.
Morocco is making all the right moves to becoming a tourism destination all-star.